Which of the following statements about marketing departments is most accurate?
a. the marketing department should work solely with people within its own department.
b. the marketing department should suggest where a firm should invest its money based on its knowledge
of the market and environmental forces.
c. the marketing department is only responsible for the 4 ps, not the 7 ps.
d. the marketing department is responsible for market research, supervision of product development, and
product promotion.
e. the marketing department must work closely with a network of other departments and employees to provide the customer-satisfying products required for the organization to survive and prosper.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.